Apple's market capitalization was over $1 trillion again today ... for a while

Apple's market capitalization was over $1 trillion again today ... for a while

After a rough few months, Apple has proven to Wall Street analysts that it does know what it’s doing and that it is definitely moving beyond dependency on the iPhone as the sole driver of revenue. After yesterday’s Q2 2019 earnings call, the company jumped in after-hours trading, and investors have been scooping up shares of AAPL since the ring of the bell this morning. Apple shares closed up 4.91% at $210.52 per share, leaving the company’s market capitalization at $992.66 billion. Sadly, it closed under the trillion dollar mark, having exceeded that level for most of the trading day.

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It's official: Apple briefly passed the $1 trillion market cap mark

It's official: Apple briefly passed the $1 trillion market cap mark

Although there were a few premature announcements earlier this morning, Apple officially became the first publicly-traded corporation to reach a $1 trillion market cap by reaching a brief high share price of $207.05. Shares in AAPL are now bobbling around the $206.88 - $207 range, so the company might not be celebrating its trillion-dollar baby at the end of the day.

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Apple World Today News Update: June 1, 2018

Apple World Today News Update: June 1, 2018

It's June! We'll finally see the official start of summer in a few weeks, we have an Apple keynote coming up on Monday, and betas of the next-generation operating systems should be available soon. In the interim, we have the news for you in convenient podcast form:

  • UBS has raised its target share price for shares in Apple to $210, matching Morgan Stanley's number from earlier this week. The investment firm cited stronger than expected demand for iPhone X and Plus models as the primary reason for its optimism

  • A Bain Capital-led consortium that includes Apple, Dell and several other memory manufacturers has completed the purchase of Toshiba's memory group

  • The final emoji list for 2018 is here and will be released on June 5. We have a video overview from Emojipedia on the website for your viewing pleasure

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Apple World Today News Update: May 7, 2018

Apple World Today News Update: May 7, 2018

Another manic Monday, with AAPL zipping to a new high close. We have info about that and a lot more for you in today's Apple World Today News Update Podcast:

  • Apple is soliciting Apple Watch owners to join in on the Apple Heart Study being done in partnership with Stanford Medicine

  • The iMac turned 20 yesterday. The all-in-one is credited with beginning the turnaround in Apple's fortunes

  • iOS 13 rumors are beginning to seep out, and we haven't yet heard what's going to be in iOS 12

  • During trading today, Apple hit $187.67 per share. Warren Buffett would love to own all of Apple's stock...

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Apple World Today News Update: April 20, 2018

Apple World Today News Update: April 20, 2018

It's finally Friday, and Apple's probably glad that the stock exchanges are closed for two days after negative analyst reports pushed the company's shares -- and the Dow Jones Industrial Average -- lower. Other news for this Friday:

  • Developers who have apps featured in the iOS 11 App Store see huge increases in downloads, according to data from research firm Sensor Tower
  • Several questionable "supply chain reports" from Wall Street analysts have driven Apple's share price down almost $13 a share in three days
  • AT&T CEO Randall Stephenson announced a new skinny streaming service called AT&T Watch while testifying in the antitrust case against his company over the proposed acquisition of Time Warner
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Apple World Today News Update: February 27, 2018

Apple World Today News Update: February 27, 2018

There are a lot of little news items today dealing with video content, 5G, and Apple's sky-high share price:

  • Hit-or-miss director M. Night Shyamalan (good: The Sixth Sense, really bad: The Last Airbender) is the latest to get a green light from Apple for an original series. Thank God he's only directing one episode...
  • There's a big sale on 4K HDR movies and more in the iTunes Store right now
  • Mobile providers T-Mobile and Sprint throw their hats into the 5G ring
  • AAPL reached a new record high of $180.48 before retreating today, buoyed by nice words from Warren Buffett
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Apple World Today News Update: February 26, 2018

Apple World Today News Update: February 26, 2018

Better late than never is our motto for this Monday evening. Today's late Apple World Today News Update podcast was postponed a bit, but now we're here with three short news stories to keep you informed and entertained:

  • The HomePod smart speaker apparently saw higher day one pre-orders than any other premium smart speaker
  • Apple's newest iPhone video ads are targeted squarely at users of Android devices, touting the ease of use, security, environmental friendliness and outstanding support versus Android
  • Apple's share price is near record territory again, and a NYU professor thinks that the company is "the best value play" of the top four large tech firms
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Apple World Today News Update: January 29, 2018

Apple World Today News Update: January 29, 2018

It's a quiet day for Apple news, so we've gathered up some stories that might make your day!

  • Virgin Mobile is selling "pre-loved" iPhone 7/7 Plus models at a significant discount, and you may be able to get a $1 per month trial plan for six months as a new user
  • A pair of Apple stores, one in Nashville and one near Seattle, will be closing next month for renovations and possible expansion
  • We have a list of the Apple Music services that will be supported by the HomePod once it's available on February 9
  • Apple's share price dropped today on rumors that the iPhone X isn't selling well and that the company might cut production of the high-end phone
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AWT News Update: November 9, 2017

AWT News Update: November 9, 2017

The road to a $1 trillion company, an interview with Jony Ive, and the opening of the Apple Park Visitor Center all make today's news on the Apple World Today News Update Podcast:

  • Apple closed for the second day at a share price that gives the company a market cap of over $900 billion
  • Jony Ive talks with Wallpaper* about the iPhone X and Apple Park from a designer's viewpoint
  • Cupertino residents get a special preview of Apple Park's Visitor Center next Thursday
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AWT News Update: November 7, 2017

AWT News Update: November 7, 2017

After a two-day lapse in the podcast, we're back today with more news from the world of Apple:

  • The iPhone X sold out on Friday morning in 20 major US cities, and Steve lets you know how his pickup experience went
  • AAPL closed up 56¢ a share today, closing at $174.81 and edging the company's market cap tantalizingly close to $900 billion
  • Apple Pay Cash arrives in the public beta of iOS 11.1
  • Austin, Texas is getting a new Apple retail outlet this Saturday
  • Apple is selling $7 billion worth of bonds to fund the stock buyback program and green energy initiatives
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AWT News Update: October 30, 2017

AWT News Update: October 30, 2017

As October winds down things are starting to perk up in the world of Apple. Today we have stories about a historic high, a famous used car, iOS 11.2, and some early first impressions of the iPhone X:

  • AAPL reached a new high today, peaking at $168.07 before closing at $166.72
  • A BMW Z8 that once belonged to Steve Jobs is up for auction
  • iOS 11.2 developer beta 1 is now available, along with new watchOS and tvOS betas
  • Some very early first impressions of the iPhone X are out, with Apple using a different approach towards marketing the newest iPhone than it's ever used in the past

The text version of the podcast can be read below. To listen to the podcast here, click the play button on the player below. Apple News readers need to visit Apple World Today in order to listen to the podcast.

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AWT News Update: October 27, 2017

AWT News Update: October 27, 2017

As you'd expect, today's Apple World Today News Update podcast is mostly about...the iPhone X. In related news, we talk about an older product that's about to go on the Apple obsolete and vintage tech list:

  • Apple shares rose sharply today after word of unprecedented demand for the new iPhone X
  • Didn't get an iPhone X? Head over to eBay, where some people are scalping their pre-orders at ridiculous prices
  • Be sure to get AppleCare+ for that iPhone X you just picked up, because repairs out of warranty are going to cost you big bucks
  • There's a new Apple product out that isn't the iPhone X, and it's made out of leather
  • The iPad 3 becomes official obsolete on Halloween Day
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